PARTICIPANTS

VALIDATOR

TREPCO PROTOCOL

The Protocol will be accessible to any user anywhere in the world. All these users will need is access to a computer or smartphone to submit, review and validate information about URIs. This user reporting will then be permanently stored in the Protocol. Through the Protocol, behavior that results in higher quality URI reputations will be rewarded while behavior that subverts or undermines integrity will be punished.

SUBMITTERS

PURCHASER

PROBLEM

Is this app safe to download? Does this website contain JavaScript that will hijack my computing resources for crypto mining? Is this content safe for kids? Does this news article come from a reliable source? Has this crypto wallet address been verified? Is this a fake Twitter account?

Each of these questions implicates an important aspect of the Internet — Uniform Resource Identifiers (URIs). URIs are used to identify resources such as domain names, social media accounts, news articles, apps, bots, crypto wallet addresses, APIs, or IoT devices, but can you rely on the safety of a URI before opening it? The general issue with trust and reputation on the Internet is a question of checks and balances: who checks the checkers and who decides who can be trusted?

SOLUTION

Trepco is building a query and response protocol on the blockchain that stores open sourced and community verified information on resources such as domain names, IP addresses, social media accounts, bots, applications, crypto wallet addresses, or autonomous system identities. The Protocol stores and delivers content in a human and machine readable format. The information stored on the Protocol can be used by anyone to build products or services to address issues such as phishing, malware, brand protection, child safety, and news credibility.

Using the blockchain, it is now possible to create new open systems that curate data sets through rewards, incentivize good behavior and mitigate the risk of bad behavior using fairly applied counter-measures and punishments. Once structured and populated on the main blockchain or its side chains, these curated data sets become immediately eligible for global distribution on a mass scale.

PROTOCOL INCENTIVES

Knowing the roles of the participants in the Protocol serves as a starting point to understand the value of the incentives in this system. There are several highlights of this incentive system including:

URI Submitters and Validators can lay claim to a certain number of URIs. These claims allow Submitters and Validators to collect fees on access to the respective URIs as they are accessed by Purchasers. The amount of allowed URI claims depend on the amount of staked coins.

Early Submitters and Validators for a specific URI category will earn a disproportionate interest in the fees collected for data access. Early confirmations are typically more valuable than subsequent confirmations.

Submissions and validations may expire or depreciate their owners’ fee interest over time or upon some event, as stale data become less valuable. This creates a new incentive for Protocol participants to re-submit and re-validate existing URIs that may have become outdated.

Participants may pay in Trep Coins, fiat, or other cryptocurrencies for access. As part of its technology adoption strategy, Trepco may issue accounts and browser extensions with pre-credited access to the network data.

MASTERNODE

PROTOCOL

U.R.I

USER

Masternodes are essentially nodes on the network running the same wallet software on the same blockchain which provide extra services and features to the network and its users.

Participants in the masternode network are each given a reputation score, which is comprised of various behavior signals derived from their participation in the Protocol, including their track record in submitting and validating URIs, level of recorded expertise, and other data points that are defined by the system.

Masternode rewards will be used to incentivize participants to tell the truth when submitting or validating URIs recorded on the Protocol. However, the history of crowdsourcing has demonstrated that it is impossible to rely on good faith alone, so we use software and incentives to help identify trustworthy or unreliable participants and their associated reputation score.

The reputation score will also contribute towards activity within the system. For example, phishing-related submissions from an anti-phishing expert will be more quickly validated and such an expert may also act as a Validator for phishing submissions from non-experts. However, an anti-phishing expert doesn’t have much experience identifying credible news sources, so their news submissions require more validation work and they may be unlikely to become a Validator for news submissions.

STAKING FOR U.R.I CLAIMS

Submitters and Validators stake the Token to claim submissions and validations of a URI belonging in a certain category. The number of URIs that a staking amount can claim varies depending on parameters such as the category, link query traffic, and possibly metrics related to reputation. Staked Coins can be challenged and lost if submissions and validations are overturned.

The stakers may earn future revenues on the claimed URIs by successfully identifying, submitting or validating the URIs. They are also entitled to a portion of the URI query fees paid to access the information that they discover. Stakers can only earn revenues based on their own directed efforts and the market’s demand for those efforts. The fee amount will depend on a number of factors such as the importance of the submissions and validations, time-value of information, and ease of validation. Information about URIs become stale over time and so should the amount of fees collected by purveyors of older information compared to newer information. Additionally, the network collects a marginal fee to sustain its perpetuation and for improvements, but does not seek to earn a profit.

Because a Submitter or Validator can claim a limited number of URIs proportional to their staked amount, the time-value of money creates an economic incentive to pick the best, highest trafficked links for submission and validation. This serves to ensure data quality on the network and prevent market congestion in which URI submissions are brute-forced and the network becomes relatively useless. The primary determinant is the size of the participant’s stake, the amount of effort expended by the participant, and the selection of the categories and URIs on which to expend these efforts.

COIN METRICS

QUARK : ALGORITHM

TREPCO : NAME

TREP : TICKER

2 MINUTES : BLOCK TIME

MASTERNODE : 80%

P.O.S : 20%

MN COLLATERAL : 40,000 TREP

PREMINE : 8,000,000 TREP

ROADMAP

Q1 – 2018

PROJECT CONCEPTUALIZED

Q2 – 2018

DEVELOPMENT´s INITIALIZATION

Q3 – 2018

COIN LAUNCH – PRESALE

WALLET RELEASING

Q4 – 2018

EXCHANGE LISTINGS

TEAM EXPANSION

Q1 – 2019

PROTOCOL LAUNCH

FINAL PRODUCT LAUNCH

COIN DISTRIBUTION

PREMINE

PROCEEDS

TREPCO TEAM

Conir Luap

Rick Suriok

Paresh

Jakimov

CROSS-PLATFORM WALLETS

A cryptocurrency wallet used to store, send and receive digital currency like trepco. In order to use trepco, deploy masternode or stake you will need to use a our wallet. This comes with an easy setup done in minutes.